Analysts Set monday.com Ltd. (NASDAQ:MNDY) Price Target at $126.04

monday.com Ltd. (NASDAQ:MNDY) has received a consensus rating of “Moderate Buy” from the twenty-five ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and seventeen have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $126.7826.

MNDY has been the subject of several recent research reports. Piper Sandler lifted their price objective on monday.com from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Canaccord Genuity Group dropped their price objective on shares of monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. TD Cowen lifted their target price on shares of monday.com from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Oppenheimer set a $115.00 price target on shares of monday.com in a research report on Monday, May 11th. Finally, Guggenheim set a $130.00 target price on shares of monday.com and gave the company a “buy” rating in a report on Thursday, April 9th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its holdings in monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after acquiring an additional 106 shares during the period. American Century Companies Inc. increased its holdings in shares of monday.com by 75.3% in the second quarter. American Century Companies Inc. now owns 4,192 shares of the company’s stock worth $1,318,000 after purchasing an additional 1,801 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of monday.com by 76.5% in the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after buying an additional 65 shares in the last quarter. Cerity Partners LLC boosted its stake in monday.com by 28.8% during the second quarter. Cerity Partners LLC now owns 2,596 shares of the company’s stock valued at $816,000 after buying an additional 580 shares during the period. Finally, WINTON GROUP Ltd purchased a new position in monday.com during the second quarter worth about $398,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Stock Down 2.5%

Shares of MNDY stock opened at $91.45 on Thursday. The firm has a market cap of $4.68 billion, a P/E ratio of 39.76, a PEG ratio of 4.70 and a beta of 1.24. The company has a 50 day moving average of $80.35 and a 200-day moving average of $80.12. monday.com has a 12-month low of $57.50 and a 12-month high of $264.00.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Friday, March 13th. The company reported $1.15 earnings per share for the quarter. The business had revenue of $351.26 million during the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%. As a group, equities analysts expect that monday.com will post 1.59 EPS for the current year.

About monday.com

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.